Bitcoin Cash's rate is trying to rebound. Is it possible to earn money off this?

13abyknight

sr. member

Activity: 602

Merit: 252

Quote from: ICEXch on April 15, 2018, 01:02:16 PM

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Why consider going back to a hard forked coin which had a massive premine and is controlled by the whales and developers themselves. A small spike in the market will surely show green numbers for Bitcoin cash but it is definitely not worth investing in because of the uncertainties coming along with it.

wantjokull

sr. member

Activity: 700

Merit: 275

Okay I respect your effort of telling us how this coin can be profitable one. But in reality all the coins were down the trend and there is one thing sure that they will go up again to where ever they earlier. That is I am referring to the original prices which they gotten at the year end of 2017 and thus touching the ATH. The current market was almost 50-80% down depending upon various coins including the bitcoin itself. Now as the market is recovering itself from the dip then it means only one thing, all the coins will follow this path for sure! So its not just about the BCH or BTC or ETH or anything else but about all of them. Thats just natural spike that will occur.

gantez

full member

Activity: 1736

Merit: 121

The bitcash movement is like every other coin that follows the drive and flow of bitcoin. So naturally, if bitcoin moves up, it is likely too for bitcash to move.
I won't be surprised if the price escalates.

ICEXch

jr. member

Activity: 88

Merit: 1

https://app.icex.ch/ru/feed/technical-analysis/4072-bitcoin-cashs-rate-is-trying-to-rebound-is-it-possible-to-earn-money-off-this

In our last review, we wrote that Bitcoin Cash is sold at prices of the fall of 2017.
And so, in the framework of these sales, its price formed a local minimum and drew a reversal up.
It seems that the growth potential may well be up to $ 900.
If the inflow of funds in this coin will be high, then a breakthrough is possible up to $ 1135.
At the same time, the technical picture of this growth looks weaker than the possible growth of BCH?s ?crypto-brothers?. Therefore, in our opinion, BiCash is not very suitable for purchasing.
If you still buy, then a good stop can only be placed under 600.
With the nearest goal at $ 900, the deal looks too risky.
Given the downward long-term trend, a more promising idea seems to be shorts from the area of 900-1135. The goals and the stop of such a position will become clear by the time of entry.

Profitable deals and follow our reviews!

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